A Supreme Court ruling in March 1996 held that
A) state laws to prevent banks from selling insurance can be superseded by federal rulings from banking regulators that allow banks to sell insurance.
B) state laws to prevent banks from selling insurance cannot be superseded by federal rulings from banking regulators that allow banks to sell insurance.
C) state laws to prevent banks from selling insurance can be superseded only if Congress enacts legislation that allow banks to sell insurance.
D) state laws to prevent banks from selling insurance cannot be superseded by federal legislation.
Correct Answer:
Verified
Q1: The type of credit insurance that landed
Q2: Only _ can issue monoline insurance policies.
A)life
Q3: Property and casualty insurance companies are organized
A)both
Q4: In response to banks entering into the
Q6: An example of permanent insurance is _
Q7: Insurance companies reduce risk exposure in exchange
Q8: Reinsurance allows _ to reduce the risks
Q10: The life insurance industry's share of total
Q11: In recent years,bank regulatory authorities have
A)encouraged banks
Q12: Some automobile owners will drive faster knowing
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